Bustling Inner City Tapas & Cocktail Bar in Prime Growth Area

Description

This bustling inner-city cocktail bar in Ipswich presents an exciting opportunity for a savvy entrepreneur. Located in a prime position within a high-growth corridor, the business offers strong expansion potential and consistent performance.Key Highlights:Prime Location: Pedestrianised area with excellent parking facilitiesLow Overheads: Annual rent of only $28,000Expansion Potential: Opportunity to extend liquor licence to adjoining propertyGrowth Corridor: Cinemas and gaming area opening opposite within 6 monthsFlexible Operations: Currently open Thursday to Sunday eveningsGenerous Capacity: Seats 40 outside, 30 inside, 30 in downstairs function roomSecure Lease: 5-year lease with 2 x 5-year optionsEstablished Team: Reliable and experienced staff in placeStrong Reputation: Positive Google reviews and active social media followingProven Profitability: Consistent turnover since 2021This well-regarded business has operated as a local staple since 2021. The bar offers a combination of craft cocktails and share plates, attracting a loyal customer base. With a limited trading schedule, the operation provides an appealing work-life balance for owners.Significant growth opportunities exist through extended trading hours, increased focus on functions and events, and local marketing initiatives. The upcoming cinemas and gaming area directly opposite the venue are expected to further increase foot traffic.The current owners are relocating overseas for family reasons, creating a rare opportunity to acquire a turnkey operation in a growing location. They are motivated to sell and willing to assist with transition to support new ownership.This business presents a strong combination of location, growth potential and established profitability.